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The following question based on Introduction to Indian Economy topic of indian economy mcq
- Compound Annual Growth Rate
- Country Annual Growth Rate
- Country Annual Growth Region
- Compound Annual Growth Region
(a) 2 only
(b) 3 only
(c) 1 only
(d) 4 only
The correct answers to the above question in:
Answer: (c)
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Question : 1
Canalised list of items in foreign trade of India refers to
a) list of items to be subsidised
b) the items to be imported by the private agencies
c) list of items to be granted duty concession
d) items to be imported only by the State owned undertaking
Answer »Answer: (d)
The Export-Import Policy announced on March 31, 1992, said that all goods, except those coming under the negative list, could be freely imported and exported.
The negative list consisted of goods, the import or export of which was prohibited; restricted through licensing or otherwise; or canalized. Canalized items can be imported by Canalizing Agency only and not by an individual importer.
An individual importer requires an Import licence issued under the Export and Import Policy for importing canalized items.
Question : 2
Which of the following occupations are included under secondary sector as per the national income accounts ?
- Manufacturing
- Construction
- Gas and water supply
- Mining and quarrying
a) 1, 2 and 4
b) 1, 2 and 3
c) 1, 2, 3 and 4
d) 3 and 4
Answer »Answer: (b)
Primary sector-Agriculture, fishing, mining and quarrying
Secondary sector- Manufacturing and construction, Gas and water supply
Tertiary sector- trade, transport etc, finance & real estate, community and personnel services
Question : 3
The implementation of Jawahar Rojgar Yojana rests with
a) District Collectors
b) Gram Panchayats
c) State Governments
d) Union Government
Answer »Answer: (d)
Jawahar Rozgar Yojana (JRY) is a poverty alleviation scheme, which falls under the category of works program for the creation of supplementary employment opportunities.
Its implementation vests with the Union government, though Gram Panchayats were to be involved in the planning and implementation of the programme.
Question : 4
The ‘sunrise industries’ imply
a) chemical industry
b) sunflower oil industry
c) computer industry
d) petrochemicals and electronics industry
Answer »Answer: (d)
Sunrise Industry is a colloquial term for a sector or business that is in its infancy but is growing at a rapid pace.
A sunrise industry is typically characterized by high growth rates, numerous startups and an abundance of venture capital funding. A sunrise industry is often characterized by a high degree of innovation.
Examples of sunrise industries include hydrogen fuel production, space tourism, electronic goods (high-technology industries that hold the promise of future development), etc.
Question : 5
Which amidst the following is a PSU ?
a) ICICI Bank
b) Bank of Rajasthan
c) Corporation Bank
d) Citibank
Answer »Answer: (c)
Corporation Bank is a public sector bank in India, based in Mangalore. Recently, it completed 107 years of existence on 12 March 2012.
Question : 6
The “Dual Economy” is a mixture of ?
a) industrial sector and manufacturing sectors
b) state ownership of the means of production
c) traditional agriculture sector and modern industrial sector
d) industrial sector and trading of goods obtained through imports
e) None of these
Answer »Answer: (c)
A dual economy is the existence of two separate economic sectors within one country, divided by different levels of development, technology, and different patterns of demand.
The concept was originally created by Julius Herman Boeke to describe the coexistence of modern and traditional economic sectors in a colonial economy.
GET Introduction to Indian Economy PRACTICE TEST EXERCISES
introduction to indian economy section 1
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introduction to indian economy section 14
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